Housing Partnership for Morris County Inc

Analysis

Housing Partnership for Morris County Inc is a registered charity in United States, based in Dover, NJ. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Partnership for Morris County Inc reported income of $697k and spending of $811k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $697k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnership for Morris County Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Cabot Housing Inc ($697k), Ronald McDonald House Charities of Bismarck ($697k) and Providence Peter Claver Association ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $268k. At year end it held assets of $2.0m against liabilities of $270k, net assets of $1.7m. It reported 9 employees.